REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue by Major Products

A Reconciliation of Revenue Recognized by our Major Products:

DOLLAR AMOUNTS IN MILLIONS
	2023		2022		2021
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	377	$	414	$	308
Export grade sales		417		590		561
Subtotal West		794		1,004		869
South		643		645		589
North		48		56		52
Subtotal delivered logs sales		1,485		1,705		1,510
Stumpage and pay-as-cut timber		56		46		31
Recreational and other lease revenue		74		68		65
Other(1)		39		39		30
Net sales attributable to Timberlands segment		1,654		1,858		1,636
Real Estate & ENR segment
Real estate		237		235		246
Energy and natural resources		126		133		98
Net sales attributable to Real Estate & ENR segment		363		368		344
Wood Products segment
Structural lumber		2,123		3,374		3,721
Oriented strand board		944		1,578		1,840
Engineered solid section		783		862		679
Engineered I-joists		447		573		447
Softwood plywood		166		193		210
Medium density fiberboard		155		192		186
Complementary building products		704		840		790
Other(2)		335		346		348
Net sales attributable to Wood Products segment		5,657		7,958		8,221
Total	$	7,674	$	10,184	$	10,201

(1)Other Timberlands sales includes sales of seeds and seedlings from our nursery operations as well as wood chips.

(2)Other Wood Products sales include wood chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.